fat0wl

34 ms·

211.
by fat0wl 13y ago
yup, the first part of this article is about that http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-... you may be able to make some money it's true but I think if you believe it to be a ponzi
212.
by fat0wl 13y ago
Also if you want to be more interactive than your peers, will you answer a scenario for me? Now, I am actually asking for your opinion on this, not being a smart-ass. Ready? Let's go. If we had a bunch of "units" of somethi
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by fat0wl 13y ago
Eh I get where you're coming from, but I'm tired of this shit too. this one really got to me. It's not that I think Bitcoiners are stupid, it's a combination of a few things -- All these threads are "Yay Bitcoin rea
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by fat0wl 13y ago
my god this is psychotic. i'm sorry, i try to be polite but.... jesus. i am 1000% confident that this particular bitcoin implementation of global currency is worth less than $12 billion USD. you are treating this currency like we are d
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by fat0wl 13y ago
if making a mild semantic error regarding the universe whose fundamental premises i believe are flawed makes me a troll, troll i am ad hominem is bad enough dont bring in semantics please. in bitcoin there are 3 types of people -- hypemonge
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by fat0wl 13y ago
yeah that's what I'm curious about. For example if we went to Electronic Medical Records i'm not sure the companies could just dig stats from that. But I guess what's alarming in the case of 23andMe is that they've
217.
by fat0wl 13y ago
yeah as ars mentions, it's already happened... plus there is litecoin, buttcoin, etc etc When people compare to internet & DNS & things like that I get kinda pissed off. Those are standard protocol that we agree to because it h
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by fat0wl 13y ago
This intrinsic value can be mirrored by any cryptocurrency or even just a parallel network of Bitcoin. It is no justification for $1000/coin the way overzealous BTC investors claim.
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by fat0wl 13y ago
this is the root of my belief as well -- that it is a speculative farce, but so long as it is above 0 it will continue to be in use. Another poster made me aware of this joke that I think summarizes Bitcoin pretty accurately. http:/&#
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by fat0wl 13y ago
I find that the people who chronically overwork are the ones who have bosses that are terrible at delegating and drop a pile of tasks on them randomly that "need to be deployed today". With good organization and realistic project
221.
by fat0wl 13y ago
yeah this looks great. If it turns out to be a fit for the company I'm working for I could ask them to turn their Flash server budget into some R&D on this and I'd gladly submit anything of value to the codebase.
222.
by fat0wl 13y ago
This is the main one http://www.wowza.com/ -- I'm not sure if it's free anymore judging by the site but suffice to say it's much cheaper than Flash server. There is no CloudFormation stack for it AFAIK but th
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by fat0wl 13y ago
my god man another one? People need to stop investing in theseeeeeeeee. If you see rapid price fluctuation > !currency && failure && pyramidscheme true
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by fat0wl 13y ago
Can they? (This is an actual technical question...) I was under the impression that they couldn't. But yeah, it's shocking that people idolize the core devs even though they set up a failing system. My best idea I think was to set
225.
by fat0wl 13y ago
Um... what? Limited resource physical commodities vs. a few bytes on your filesystem? This is a ridiculous comparison. But what people mean when they say you could fork libcoin or something like that is not that Bitcoin isn't scarce. I
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by fat0wl 13y ago
yep agreed here. a lot of the responses i've been getting are intelligence-insulting "that's how all money works" "economics is flawed blah blah" but i think the fact is -- these things are taken into account
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by fat0wl 13y ago
heh this is funny to me (though i'm sorry for you, i don't mean to rub it in) only because when i suggested dollar-backed or gold-backed bitcoin a lot of people made fun of me saying "oh it's been done & it was corru
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by fat0wl 13y ago
ahhhhh you may be my soulmate on this thread :)
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by fat0wl 13y ago
well the thing is.... all economic analyses seem to conclude that it is ridiculous. The only thing keeping it alive is that people are still willing to buy/trade it. As long as that is the case, it will exist. But I don't agree wi
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by fat0wl 13y ago
that's the nature of any pyramid scheme -- the potential cashout of any individual is higher when more money is put into the system without being removed. The funny thing about the Bitcoin scheme is that everyone has the ability for
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by fat0wl 13y ago
tl;dr "somebody used a web framework" plzz post about the radio tech instead :( I run tech for an independent online radio station and it's mind-numbing how difficult it is to find an inexpensive solution that uses popular pr
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by fat0wl 13y ago
i just started using stack overflow recently & i've found it's mainly a bunch of people asking very simple questions or fixes to very nuanced quirks. When faced with similar situations, i've always followed my own judgeme
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by fat0wl 13y ago
man, can't wait for the headlines about "bitcoin kwanzaa"
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by fat0wl 13y ago
eh cuz its just too good to be true. why not sneak out a few $700 now and then just in case tomorrow its worthless? keep enough for a large fortune but just take like 100 coins out every year. that would be what now, $70k/year? Just fo
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by fat0wl 13y ago
mmm i think at this point in the Bitcoin community, stating that practice on your homepage would actually get you more customers. "In the event of an obvious attack, we disconnect from the network and begin diagnostics after __ minut
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by fat0wl 13y ago
hah i suggested this a few posts ago & people got pissed. https://news.ycombinator.com/item?id=6783710 granted, i don't present these things very tactfully
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by fat0wl 13y ago
I think the banks are pretty focused on offering competitive products that are packaged together neatly to avoid putting too much of burden on consumers (what's the diff between choosing a bank or choosing a private transaction-insuran
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by fat0wl 13y ago
heh they DO hate that ;) my point was simpler tho which is just that the real numbers being applied to these amounts rely on ecosystem stability and the market cap (a term a trader helpfully pointed me to in order to understand their favori
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by fat0wl 13y ago
I've heard that this type of insurance is expensive and a large part of banks' transaction fees. I can only imagine how expensive an insurance service like that for Bitcoin would be.
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by fat0wl 13y ago
this is common linkbait tactic now. They take the current high trading value of BTC & multiply by the number of BTC involved to get some crazy-high-looking USD price. It's not money in hand, the reality of getting that money out of

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